KC Robots (科聪), an AMR control system developer, announced that it had closed a Series A financing round worth nearly 100 million yuan (US$13.92 million), backed solely by VisionPlus Capital.
The raise is expected to bolster R&D efforts, accelerate production iteration, lift service quality, and improve its global sales network, according to a statement on the company’s official WeChat account.
China’s AMR space has grown apace over the past few years thanks to a combination of factors.
Driven by a pivot to warehouse and logistics automation, a dwindling labor force and policy support, AMR producers in the country have made great strides, contributing to a market worth an estimated 1 trillion yuan, statistics show.
“The KC team builds on their solid strength in control technology as well as full-scenario experience, to chalk up notable improvements in product definition, business growth and client acquisition,” said Chen Hongliang, a partner at VisionPlus Capital.
KC Robots, headquartered in Zhejiang of eastern China, provides its clients with key hardware parts like sensors, visual modules, and controllers.
Its supplies also include management software and integrated solutions.
Simply put, the technologies of KC are to an AMR what eyes and ears are to a human being.
The company vows to help clients configure the type of AMRs according to their preferences and with “the ease of playing building blocks.”
KC Robots leverages its proprietary AI-driven navigation control system to allow for better coordination between AMRs and operators.
To date, it has deployed its technologies to numerous industries, serving upwards of 800 clients.